Home > Press > PharmaNova, Inc. Forms Strategic Alliance With Taiwan-Based Orient Europharma
PharmaNova Inc. today announced that it has formed a strategic alliance and collaboration with Orient Europharma Company Ltd. (Taiwan OTC: 4120) (OEP) of Taiwan, R.O.C. In this two-way relationship, it is intended that OEP will be PharmaNova's exclusive manufacturing and commercialization partner for future PharmaNova products in the core territories of Taiwan, Hong Kong, Singapore, Malaysia, the Philippines and S. Korea served by OEP, and that OEP will manufacture and supply PharmaNova products to future marketing partners in the broader Asia-Pacific region. OEP has an extensive technology base for the controlled release of pharmaceuticals, both orally and by transdermal administration, that is highly complementary to PharmaNova's platform Medisperse(TM) nanoparticle and Surface Enhancement (SET(TM)) technologies.
PharmaNova, Inc. Forms Strategic Alliance With Taiwan-Based Orient Europharma
ROCHESTER, NY | Posted on March 21st, 2007
As part of the arrangement, OEP will address the scale up of the nanoparticle technology and, together, OEP and PharmaNova intend to become world leaders in the application and manufacturing of nanoparticle-based pharmaceuticals. The companies will collaborate on the application of both companies' platform technologies to complete mutually selected new product opportunities, for development and commercialization worldwide utilizing OEP's new manufacturing facilities in Taiwan. PharmaNova President Rodney Brown said, "We are very impressed with OEP's excellent product manufacturing and commercialization capabilities and look forward to a long and mutually rewarding relationship."
OEP has an extensive portfolio of products both in development and already in the marketplace, and PharmaNova will support OEP in expanding the regional commercialization of its products throughout Asia-Pacific and through partnerships in Latin America, Europe and U.S. Central to the collaboration is the exclusive development and commercialization of Xenolev-CR(TM) by OEP for Asia Pacific territories. Xenolev-CR(TM) is PharmaNova's proprietary non-hormonal treatment for hot flashes associated with the menopause and other conditions. Mr. Peter Tsai, president and chairman of OEP, said, "We are very excited about this partnership with PharmaNova as it will allow OEP to expand the geographical scope of our business activities beyond the immediate Asia Pacific region by contributing our expertise in product development and utilizing our new state of the art manufacturing facilities."
About PharmaNova, Inc.
PharmaNova Inc. ( ' http://www.pharmanovaco.com ' ) is a privately held, specialty drug development company founded on the re-purposing and enhancement of known drugs using proprietary Medisperse(TM) nanoparticle and other formulation technologies. PharmaNova's revenue base is generated through partnering and licensing strategies involving low-risk, fast to market products and commercialization partners worldwide. PharmaNova's current focus is on extraordinary value products in Women's Health and adjacent areas, including a non-hormonal treatment for menopausal hot flashes, anti-viral agents and cancer chemotherapeutics.
Orient Europharma Co. Ltd., ( ' http://www.OEP.com.tw ' ) is an international publicly traded pharmaceutical and nutritional company based in Taipei, Taiwan, R.O.C. traded over the counter under symbol "OEP." OEP specializes in research and marketing of innovative, niche-oriented pharmaceuticals, with a strong franchise in oncology, nutritional and food supplements, dermo-cosmetics and consumer healthcare products. OEP has a well-established marketing base in numerous Asia-Pacific countries with subsidiaries in Singapore, Malaysia, Hong Kong, Philippines and China, and it is poised for significant growth.
For more information, please click here
Copyright © EWORLDWIRE™
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
NYU Researchers Break Nano Barrier to Engineer the First Protein Microfiber October 23rd, 2014
Iranian Scientists Apply Nanotechnology to Produce Surgery Suture October 23rd, 2014
RF Heating of Magnetic Nanoparticles Improves the Thawing of Cryopreserved Biomaterials October 23rd, 2014
Sopping up proteins with thermosponges: Researchers develop novel nanoparticle platform that proves effective in delivering protein-based drugs October 22nd, 2014
Haydale Secures Exclusive Development and Supply Agreement with Tantec A/S: New reactors to be built and commissioned by Tantec A/S represent another step forward towards the commercialisation of graphene October 24th, 2014
QuantumWise guides the semiconductor industry towards the atomic scale October 24th, 2014
Advancing thin film research with nanostructured AZO: Innovnano’s unique and cost-effective AZO sputtering targets for the production of transparent conducting oxides October 23rd, 2014
Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014
European Commission opens the gate towards the implementation of Nanomedicine Translation Hub October 16th, 2014
IRLYNX and CEA-Leti to Streamline New CMOS-based Infrared Sensing Modules Dedicated to Human-activities Characterization October 15th, 2014
New VDMA Association "Electronics, Micro and Nano Technologies" founded: Inaugural Meeting in Frankfurt/Main, Germany October 15th, 2014
VDMA photonics steering committee with new members stronger than ever October 14th, 2014